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Secondary 1 | Maths
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Anyone pls help
Date Posted: 5 years ago
Views: 476
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Simple interest is the amount increased.
For example if you invested $500 and your amount you have in your bank is $550 at the end.
Your simple interest is $50
PRT/100 = Simple Interest
P= Principle Amount (Amount invested)
That’s why total amount at the end =
P + PRT/100
For example
$550 = (500)RT/100 + 500
*$500 which is your P*
For example if you invested $500 and your amount you have in your bank is $550 at the end.
Your simple interest is $50
PRT/100 = Simple Interest
P= Principle Amount (Amount invested)
That’s why total amount at the end =
P + PRT/100
For example
$550 = (500)RT/100 + 500
*$500 which is your P*
Date Posted:
5 years ago
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